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Magnet Wire Market Analysis, Size, Share, Growth, Trends, and Forecast 2020

Optical Waveguide Market Research Report Including SWOT Analysis, PESTELE Analysis, Drivers, Restraints, Global Industry Outlook and Key Players Analysis By 2027

Optical Waveguide Market Research Report Including SWOT Analysis, PESTELE Analysis, Drivers, Restraints, Global Industry Outlook and Key Players Analysis By 2027
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Sumitomo Electric is Awarded Submarine Cable System for the Southeast Alaska Power Agency, Alaska, USA

Posted January 14th, 2021 for Sumitomo Electric January 15, 2021 This press release was originally published in Japanese on December 24, 2020. Sumitomo Electric Industries, Ltd. is pleased to announce that it was awarded a contract for the Stikine Crossing Submarine Cable Replacement Project from Southeast Alaska Power Agency (SEAPA) through our subsidiary, Sumitomo Electric U.S.A., Inc. Submarine cables being loaded on the ship The purpose of this project is to remove and discard one existing 138kV OF (Oil Filled) submarine power cable and install an environmentally friendly 69kV XLPE (Cross-linked polyethylene) submarine cable with ancillary equipment for a fully functional system in the Stikine crossing (approx. 16,700 feet) between Vank and Woronkofski Islands, near Wrangell, Alaska, USA.

Insights on the Automotive Wiring Harness Global Market to 2025 - Impact Analysis of COVID-19

Share this article Share this article ResearchAndMarkets.com s offering. The Global Automotive Wiring Harness Market stood at USD 47.98 Billion in 2019, in value terms, and is projected to surpass USD 67.53 Billion by 2025, growing at a CAGR of 15.63% in the next five years. Anticipated growth in the market can be attributed to growing demand for automobiles and inclination towards quality aspect of vehicles. Nowadays, auto-makers are focusing on wires which occupies less space and are lighter in weight. Electrical subsystems form an integral component to transfer energy for functioning of different components or parts of the vehicles which is driving the automotive wiring harness market. However, high replacement cost and lack of efficacy among workers required for the crimping process can hamper the growth of the market.

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